10 Best Tobacco and Cigarette Stocks to Invest In

8. Philip Morris International Inc. (NYSE:PM)

Philip Morris International Inc. (NYSE:PM) is one of the 10 best tobacco and cigarette stocks to invest in.

As a household name, there are several recent commercial developments that could entice investors who are looking for quality tobacco stocks. On April 13, Philip Morris International Inc. (NYSE:PM) stated that it will serve as Ferrari Hypersail’s Principal Partner. According to the Group CEO Jacek Olczak, Ferrari’s aggressive goal of setting records at sea perfectly embodies the changes the organization has undergone over time. This collaboration is driven by the futuristic idea that old issues can be solved using modern technological advancements when complemented by human creativity.

Olczak also claims that this achievement is far from being a standard company statement. Rather, it is the continuation of a long-standing relationship that started more than five decades ago. In the long run, this collaboration marks a new direction full of great ambitions and challenges, and driven by the strong belief in the importance of progress.

Earlier on April 10, Matthew Smith from Stifel reduced the price target on Philip Morris International Inc. (NYSE:PM) from $200 to $195 while maintaining a Buy rating on the shares. Smith maintains a positive outlook for tobacco stocks ahead of first-quarter earnings. The analyst sees attractive upside, supported by smoke-free volume growth, a resilient cigarette business, and accelerating earnings growth through 2026.

Philip Morris International Inc. (NYSE:PM) operates as a global tobacco company. Apart from cigarettes, its product portfolio also includes various smoke-free products, wellness products, and consumer accessories. These are being sold under different brands such as ZYN, IQOS, and VEEV.